Story of the Week (DR):

Happy (?) May Day MM

May Day 2026: Top CEO pay increased 20 times faster than workers’ pay in 2025

Rivian Sold 42,247 Cars And Paid Its CEO [RJ Scaringe] $403 Million, Or 15 Jim Farleys

Comcast Co-CEO Mike Cavanagh Lands $72 Million Pay Package For 2025

Google co-founder [Sergey Brin] rips California billionaire tax: 'I fled socialism'

ONE-TIME wealth tax: The proposal would impose a 5% tax on net worth above the $1 billion threshold for people who were California residents as of Jan. 1, 2026, with some assets like real estate and certain retirement accounts excluded

~$13B, with certain exclusions this figure could drop to $9B (the approximate value of his real estate empire)

This is the equivalent of $2,500 if you earn $50,000

Ken Griffin slams Mamdani for singling him out as a 'profound lack of judgment,' ripping socialist bent

Bill Ackman to New York City Mayor Mamdani: Don't scare away the billionaires

CEOs got millions after boards ‘neutralized’ the impact of tariffs. Some won't say what it was worth

RTX CEO Christopher Calio: $27.7 million in compensation last year

At its January 2025 board meeting, the compensation committee of RTX pre-authorized the removal of tariff impacts on business metrics related to Calio’s pay months before President Trump announced a set of sweeping Liberation Day tariffs on April 2, 2025 that upended global supply chains. The RTX comp committee said that the tariff-cost impact “should be neutralized” for determining annual bonus payouts because the tariffs were “externally imposed, unpredictable and unrelated to operational execution.”

Calio’s annual bonus hit $5.1 million, an 85% increase over the $2.76 million the company paid him the year before

How much of that growth was attributable to the tariff exclusion, RTX did not disclose

We spoke to over 30 CEOs and business leaders. Here's what worries them most

A world of constant shocks

Supply chains are under strain and getting costlier

Inflation is testing the consumer

AI is an opportunity, but also a threat

Cyber and trust are keeping CEOs up

Energy security is back at the center

The leadership playbook is changing

The 'Dirty Secret' Behind AI Layoffs: Forrester Warns Tech Is Often Non-Existent

Forrester finds most firms citing AI for job cuts lack the systems to back it up, deepening mistrust over how and why people are being let go

Executives are increasingly blaming artificial intelligence for sweeping layoffs even when the technology is barely in place, Forrester has warned, with analyst J.P. Gownder saying that in 'nine out of 10' such cases the AI capability behind those cuts simply does not exist

Meta says it doesn't know its ideal size as it prepares to lay off 10% of its staff

Bed Bath & Beyond CEO: AI will lead to ‘significant reduction in headcount’

Sam Altman says he is 'deeply sorry' for failing to alert police ahead of mass shooting

Sam Altman Issues Grim Apology

Sam Altman is “the face of evil” for not reporting school shooter, says lawyer

Sam Altman apologized to the people of Tumbler Ridge, British Columbia, because OpenAI had flagged and banned the suspect’s ChatGPT account but did not alert police before the mass shooting

April 28, 2026: Our commitment to community safety

“We assume the best of our users, but when we detect that someone is attempting to use our tools to potentially plan or carry out violence, we take action, including revoking access to OpenAI’s services.”

“We use automated detection systems to identify potentially concerning activity at scale.”

“When an account or conversation is flagged, it is assessed in context by trained personnel. These human reviewers are trained on our policies and protocols, and operate within established privacy and security safeguards”

“When conversations indicate an imminent and credible risk of harm to others, we notify law enforcement.”

Zero mention of the Tumbler Ridge massacre, the apology, the lawsuits, etc.

Elon Musk's trial against Sam Altman to reveal the ongoing power struggle for OpenAI